is set to unveil major spending and benefit cuts in her spring statement today. The Chancellor will outline her plans to the Commons at 12.30pm after

The budget watchdog is widely expected to slash its forecast for economic growth. Ms Reeves is expected to announce spending cuts for some government departments as she scrambles to balance the books.

We know that the Chancellor . However it has also emerged that there will be more benefit cuts in addition to those announced by the Government last week.

In her statement, the Chancellor will acknowledge she needs to go "further and faster to kickstart growth". She will also tell MPs that a "more insecure world" requires a greater focus on national security.

But shadow chancellor Mel Stride said: "Our national security demands a strong economy. Yet since Rachel Reeves's first budget, growth is down, borrowing is up and business confidence has been destroyed.

"Labour broke their promises to pensioners on winter fuel payments, and to farmers and businesses with crippling tax rises that have pushed up inflation and interest rates.

"The Chancellor should use the emergency budget later today to fix her own mistakes and end Labour's war on enterprise."

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